<p>Well, now that I've found out about RD schools, which of these based purely on academics and numbers into I-Banking and consulting would be best for undergrad, rank if you could:</p>
<p>BC Honors Business Program
Georgetown MSB
University of Chicago
University of North Carolina- Chapel Hill</p>
<p>Thanks</p>
<p>Chicago
G'town
UNC (assuming you're at Flagler)
BC</p>
<p>Yeah, is there much distance between Chicago and GTown? because I think I might like Georgetown's school more.</p>
<p>Georgetown or U of C, both are very good.
Chicago is really hard though.</p>
<p>Gtown does very well on Wall st</p>
<p>You know, I'd be interested in how many of you thinking of going into I-banking have any reason for doing so other than money.</p>
<p>I ask this because my experience in dealing with most i-bankers is that most of them are cutthroat, remind me of a the movie "The Godfather", and would sell their grandmother for $500 if they thought they could get away with it easily.</p>
<p>One of my associates (a consultant here) was talking about the last financing deal he did for a different company ($70 million in expansion money) negotiated in NYC over the November-December time period. His comment was that he thought he was in a remake of Dicken's "A Christmas Carol"--only with 8 different "Scrooges" in the room.</p>
<p>This isn't the place to preach and moralize.</p>
<p>jpps, who is preaching? </p>
<p>I asked a question, and I stated some facts here--based upon having actually worked in this area--so I don't need your snide comment--thank you very much.</p>
<p>And he (along with all other potential i-bankers) didn't ask you to make a thinly-veiled attack on his character. He asked which school would offer the best opportunities for ibanking. </p>
<p>Your having worked in the field does not make your remark any more acceptable.</p>
<p>Hey CalCruzer, you're in consulting right?</p>
<p>
[quote]
A shepherd was herding his flock in a remote pasture when suddenly a brand-new BMW advanced out of the dust cloud towards him. The driver, a young man in a Broni suit, Gucci shoes, Ray Ban sunglasses and YSL tie, leaned out the window and asked the shepherd... "If I tell you exactly how many sheep you have in your flock, will you give me one?" The shepherd looked at the man, obviously a yuppie, then looked at his peacefully grazing flock and calmly answered "sure".
The yuppie parked his car, whipped out his IBM ThinkPad and connected it to a cell phone, then he surfed to a NASA page on the internet where he called up a GPS satellite navigation system, scanned the area, and then opened up a database and an Excel spreadsheet with complex formulas. He sent an email on his Blackberry and, after a few minutes, received a response. Finally, he prints out a 130-page report on his miniaturized printer then turns to the shepherd and says, "You have exactly 1586 sheep. "That is correct; take one of the sheep." said the shepherd. He watches the young man select one of the animals and bundle it into his car.</p>
<p>Then the shepherd says: "If I can tell you exactly what your business is, will you give me back my animal?", "OK, why not." answered the young man. "Clearly, you are a consultant." said the shepherd. "That's correct." says the yuppie, "but how did you guess that?" "No guessing required." answers the shepherd. "You turned up here although nobody called you. You want to get paid for an answer I already knew, to a question I never asked, and you don't know crap about my business...... Now give me back my dog."
[/quote]
</p>
<p>Oh and guys, if you wanna kid yourselves and say money isn't one of the major reasons for doing the banking -- you're pretty odd. Most people I know, even actual bankers I talked to said that the compensation was a big part.</p>
<p>For me it's a mix. Obviously I want a great salary, I'd like to be able to pay off my school loans. But at the same time, the analyst stint at a BB opens up a lot of opportunities for you work-wise. You can go work for a Fortune 500, move to PE if you're lucky, great route to getting into a top B-School for an MBA, plus it's just prestigious.</p>
<p>Oh and for the OP's question:</p>
<p>Chicago
G'town
UNC (assuming you're at Flagler)
BC</p>
<p>but personally i'd probably go G'Town over Chicago, just a matter of personal fit. If you think you'd like UChicago -- go.</p>
<p>Next time I'll start a new thread for my post--my apologies for that.</p>
<p>But to answer the question:</p>
<p>NYU is the best school for I-banking. It's in the heart of NYC, just a few blocks from Wall Street. It ranks second in the country for a finance degree (after Wharton), and places more people in the I-banking field than any other school.</p>
<p>Other top schools would be Wharton, Stanford, MIT, Columbia, and, surprisingly, Indiana (which has a special Investment Banking seminar program they provide at the school). Also, if you have contacts already with highly placed members of upper management at Fortune 500 companies, you may get hired. This is one of the reason Yale, Harvard, and even Univ of Chicago tend to do well also.</p>
<p>i can find a dozer of schools which are better-recruited than Indiana.....Duke, UVa, Michigan, Northwestern, Cornell, Dartmouth, Williams College, Princeton, Brown....................</p>
<p>I'm not saying you shouldn't go for the money--in fact I hope a lot of people are going for that reason. (Stupid not to, in My Own Humble Opinion).</p>
<p>This is not a moralization comment--just a comment on the people I've met in the business--who not only are in it for the money--but in it for the money to the exclusion of everything else.</p>
<p>I'm hoping people realize that money can provide a fun lifestyle as well. Unfortunately, some people see money as a measuring stick--and until they've beaten Bill Gates, they aren't happy (and even then they aren't happy).</p>
<p>P.S. You should also know the joke about consultants being like corporate seagulls--they fly in, eat your food, leave their s--t all over the place, leave the place in a complete turmoil and as everyone ducks to avoid their droppings (unwanted advice), then fly away and leave you worse off than before they arrived.</p>
<p>Most people going into ibanking for the money only, don't last long. Unless they are like calcruzer describes. There is no time for anything or anyone, its years of a ridiculous amount of work, horrible sleeping and eating habits, and solitude; most kids think "hey 100 hours a week isn't that bad" but they don't even know the half of it. Then there also is no job security at all..</p>
<p>"Oh and guys, if you wanna kid yourselves and say money isn't one of the major reasons for doing the banking -- you're pretty odd. Most people I know, even actual bankers I talked to said that the compensation was a big part."</p>
<p>I'm not saying it's not. I'm definitely attracted to the money, and the job seems interesting enough too. Definitely not my first choice if everything paid the same, but the money makes it good enough. Just I found Calcruzer was equating people who wanted to make money with heartless, bloodsucking scum. That's what I took issue with.</p>
<p>Well, when you're working on the sell-side -- you are a bit of a bloodsucker.</p>
<p>Well, I can understand your point of view that I must be a cutthroat person that only cares about money, yet its not really true. Am I competitive? Highly. Would I like to make alot of money? Sure. But the reason I am interested in investment banking and consulting is that the fields generally interest me. I really am intrigued my corporate finance, valuations and the like. I am also going to double major with international relations or something similar, so I have the option of business or public policy (or law for that matter). I am not saying that I am certainly going into investment banking, its definately a possibiliy that when I get to college and get a taste of it I may find out it isn't for me. I was just curious about which schools grant the best opportunity for the career.</p>
<p>anyone know how far tufts econ can put you at in the ibanking field??</p>
<p>Untilted, check out Indiana's Investment Banking Seminar Group. They placed 56 people in I-banking last year out of a class of 450 finance majors. No other college except NYU, Wharton, and Harvard (forgot them, sorry)--placed more students with I-banking firms last year. I believe the Indiana University Finance Department even put out statistics on this earlier this year.</p>
<p>P.S. I think you may be confusing MBA graduates with undergraduate finance programs. Some of the schools you mentioned have very good I-banking statistics at the graduate level (Columbia in particular). But I believe the question was aimed at undergraduate programs. (There is a separate area for posting MBA-related threads.)</p>
<p>I thought IU was only behind Stern?</p>